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Which of the following statements are not true about budget, budgeting & budgetary control?

A. Budgetary control works on the basis of best option

B. Budget is one of the important mediums of communication

C. Budgeting develops the quality of objectivity in planning

D. None of the above

Related Questions on Management Accounting Test Questions

Time value of money indicates that

A. A unit of money obtained today is worth more than a unit of money obtained in future

B. A unit of money obtained today is worth less than a unit of money obtained in future

C. There is no difference in the value of money obtained today and tomorrow

D. None of the above